How serious is the overdue installment?

When a lender signs a loan contract with a lending institution, there are usually relevant provisions of loans overdue in the contract. Generally speaking, overdue loans will generate additional penalty interest, each lending institution is different, and the amount of penalty interest and the interest generated are also different. Loans will have corresponding interest and expenses, and overdue loans will lead to additional expenses, which is very uneconomical.

2. Credit stain

The degree of credit is related to all aspects of our lives. If there is a loans overdue, the overdue record of this loan will be uploaded to the personal credit information system of the central bank, which will make the borrower have a bad record in the credit information system and leave a credit stain. Credit stain is very unfavorable to borrowers. If there is a credit stain, it will hinder borrowers from applying for loans and credit cards in the future, and even seriously affect borrowers' flying and high-speed rail.

It is difficult to enjoy preferential loan interest rate.

We all know that when a borrower applies for a loan in a bank, the bank will adjust the interest rate of the loan according to the borrower's credit record and qualification. Generally speaking, high-quality borrowers with good credit are more likely to get loans with lower interest rates. If the borrower suffers credit damage due to loans overdue, even if he gets a bank loan, it is difficult to achieve a lower loan interest rate.

4. Affect personal career

For students who have been studying in loans overdue for more than 90 consecutive days and the circumstances are serious, the bank or school will publish the ID number and overdue information in the media, or notify the work unit. Banks will sue those who owe money maliciously or intentionally. If it is overdue for 90 days in a row and can be remedied in time and repaid on time, the credit level will not be greatly affected. The same is true of other loans, which will affect your employment and promotion.

5. The bank sent a lawyer's letter to the court for prosecution.

If you don't pay the bill for more than 3 months, it will be very serious! If the loan bank collects the loan according to law, it will bring a lawsuit to the court according to the loan contract and guarantee contract (mortgage or pledge contract), and the court will take measures such as property preservation, including freezing the deposits in all bank accounts of the lender and loan guarantor and sealing up the pledged property.

6. After the judgment comes down, it will be enforced.

After the judgment is made, the property will be enforced according to law (deducting deposits, auctioning collateral, etc.). ) to pay off the loan loss. Specifically, it includes: loan principal, loan interest, overdue interest, penalty interest, and all litigation costs arising therefrom, and related expenses incurred when disposing of pledged property.

7. Those with serious circumstances will be punished and sentenced by law.

If you have the ability to refuse to implement the effective legal documents, you will be punished by law. When the debtor is unable to repay, the guarantor shall be liable for repayment.

8. Being supervised everywhere in life

Failure to pay back money will be supervised anytime and anywhere, especially now that WeChat, QQ and Alipay will be discovered as long as they involve places where you have money.

9. Being blacklisted, children can't go to key schools.

Some "Lao Lai" who deliberately delay paying their debts will be blacklisted and their children will not be able to attend key schools; There will be more punishments in the future, so it can be said that life is hard.